Rare Investment Opportunity in the Heart of Wollongong CBD

A piece of history and the ultimate investment opportunity; in a central and highly sought after location.
On offer is a multi-tenanted and fully occupied property, including a proud multi-storey building with under building carpark and garaging. A great, all-round package this property features; a large land size of 918m?, B3 Mixed Use Development Zoning, 1.5:1 FSR (floor space ratio), a 16m height limit and an attractive sustainable income.

Strategically situated in Wollongong's central business precinct and prominently located next to Wollongong Courthouse, this property offers an exceptional opportunity for an investor looking to add a unique property to their portfolio.

This property is well maintained and currently generates over $200,000 in income per annum, with 5 commercial tenants and 5 residential tenants. The 5 commercial tenancies are held by prominent legal, accounting and marketing businesses with current leases. The 5 residential tenancies have all recently signed leases.

Centrally located in Wollongong, within a 5 minute walk you are amongst Wollongong's many eateries, bars, entertainment venues and also the central business district. Close proximity to University of Wollongong, just over 85km to Sydney CBD and within 30 minutes, you are accessing all of the Illawarra's Southern suburbs.

Residential Income = $75,660 p.a
Commercial Income = $128,085 + GST p.a
Combined passing income = $203,745 excluding GST p.a
Total outgoings $60,033.70 per annum
B3 Mixed Use Development, 1.5:1 FSR and 16m height limit & 918m? block

This impressive property is a truly unique opportunity for the astute investor, and opportunities like this are not to be missed!